231 Flagler St Miami, FL 33131-1321

This exceptional 0.32-acre land parcel, located at 231 E. Flagler St. in Miami's vibrant Downtown submarket, presents a compelling redevelopment opportunity. Zoned T6-80-O, this property allows for high-intensity mixed-use development, with an 80+ story height limit and the potential for 321 dwelling units as-of-right. The site's 14,000 square foot area is ideally situated on East Flagler Street, a key location undergoing significant revitalization as a pedestrian-friendly boulevard. This prime location benefits from reduced or no parking requirements for multifamily developments, mirroring successful projects on similar lots. The area's transformation is further enhanced by nearby developments like Miami Worldcenter and Met Square, bringing increased shopping and entertainment options. Cultural attractions such as the FTX Arena, Perez Art Museum Miami, and Bayside Marketplace are also within easy reach. Exceptional transportation links include the Brightline train station at Miami Central, the Metromover, Metrorail, and convenient access to I-95 and I-395. This offering represents a unique chance to capitalize on Miami's thriving urban core and its robust infrastructure. The Flagler Beautification Project, a public-private initiative, will further enhance the area's walkability and appeal, solidifying East Flagler Street's position as a premier destination. The property's high-density zoning and strategic location make it an ideal investment for high-rise residential or mixed-use projects.